Sumitomo Mitsui Trust Group Inc. Sells 34,090 Shares of The Sherwin-Williams Company $SHW

Sumitomo Mitsui Trust Group Inc. reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.1% in the 1st quarter, HoldingsChannel reports. The fund owned 787,744 shares of the specialty chemicals company’s stock after selling 34,090 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Sherwin-Williams were worth $252,511,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SHW. Ares Financial Consulting LLC bought a new position in Sherwin-Williams during the 4th quarter worth $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $27,000. Kemnay Advisory Services Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $30,000. Lodestone Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $31,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 3.5%

Shares of Sherwin-Williams stock opened at $330.33 on Thursday. The stock’s 50-day moving average is $317.98 and its 200 day moving average is $332.15. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $379.65. The firm has a market cap of $81.47 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.95 and a beta of 1.10. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the previous year, the company posted $2.25 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities research analysts anticipate that The Sherwin-Williams Company will post 11.77 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s payout ratio is presently 30.71%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SHW. Zacks Research raised Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada restated an “outperform” rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Bank of America reduced their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Finally, Mizuho decreased their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus price target of $374.38.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.